17 Jun 2015
Japan exports growth slows further – TradeTheNews
FXStreet (Barcelona) - The TradeTheNews Team reviews the Japan May trade data release, noting that the 2.4% export growth marks a 9-month low.
Key Quotes
“Japan May merchandise trade deficit was smaller than expected, but both import and export components undershot expectations, revealing continued hardship in Asia's 2nd largest economy in spite of the recent acceleration in yen selling. Exports growth of 2.4% also marked a 9-month low, with exports to US slowing to just 7.4% v 21.4% prior and exports to Europe remaining nearly flat. Shipments from Japan to China also slowed from 2.4% to 1.1%.”
“Japan May Merchandise Trade Balance: -¥216B V -¥259BE; Adj Trade Balance: -¥183B V -¥-184BE”
Key Quotes
“Japan May merchandise trade deficit was smaller than expected, but both import and export components undershot expectations, revealing continued hardship in Asia's 2nd largest economy in spite of the recent acceleration in yen selling. Exports growth of 2.4% also marked a 9-month low, with exports to US slowing to just 7.4% v 21.4% prior and exports to Europe remaining nearly flat. Shipments from Japan to China also slowed from 2.4% to 1.1%.”
“Japan May Merchandise Trade Balance: -¥216B V -¥259BE; Adj Trade Balance: -¥183B V -¥-184BE”